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Re: Mortgage from family member

The loan wouldn't be for the entire mortgage balance. It would mainly be used as a part of a refinance to help keep a lower rate on some of the money and give the family member a better return. It also probably wouldn't be for 30 years. The equity in the house is about 40% of the value. I now see al...
by atDev
Wed Oct 15, 2014 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage from family member
Replies: 21
Views: 1674

Mortgage from family member

Has anyone had any experience with a family mortgage service such as nationalfamilymortgage.com to take a loan from a family member for a mortgage? I am contemplating working with a family member to give them a higher interest rate than they can get elsewhere on their savings, save on refinance fees...
by atDev
Tue Oct 14, 2014 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage from family member
Replies: 21
Views: 1674

Re: Income change budget adjustments

I was a bit short in my earlier post because I was posting from my phone & was a bit alarmed at how gentle everyone else was being about, what seems to me, an alarming situation. However, in all fairness, I should also say that your family has shown a great deal of financial acumen to date &...
by atDev
Thu Jul 17, 2014 11:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Income change budget adjustments
Replies: 16
Views: 1804

Re: Income change budget adjustments

Does your wife plan to go back to work after your child is in school? If this is a temporary situation, you might have to burn some of your $170k cash while you are operating on a single income. Your mortgage and property taxes will probably eat up most of your $45k/year. You still need to eat and ...
by atDev
Thu Jul 17, 2014 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Income change budget adjustments
Replies: 16
Views: 1804

Re: Income change budget adjustments

Just to note, the reason for the more expensive house/cars was due to my previous business income of around 150k/year for several years as well as being able to do a large down payment on the house. Unfortunately that income has fluctuated and is now significantly lower. We also did not really get t...
by atDev
Thu Jul 17, 2014 9:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Income change budget adjustments
Replies: 16
Views: 1804

Re: Income change budget adjustments

Depending on your income and your state, her income may have had a very high marginal tax rate. When my DH quit, the math we did figured that his income was being taxed at 25% (fed) +6% (state) + 6%(SS) = 37%. Add in the cost of his transportation and the convience incidentals that a household with...
by atDev
Wed Jul 16, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Income change budget adjustments
Replies: 16
Views: 1804

Re: Income change budget adjustments

What does "58k in automobile equity" mean? Do you still owe anything on your automobiles? Is there a good reason you own so many and/or such expensive automobiles, i.e., is it necessary for your business? If not, and given that neither you nor your wife commute, I'd recommend exchanging s...
by atDev
Wed Jul 16, 2014 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Income change budget adjustments
Replies: 16
Views: 1804

Re: Income change budget adjustments

Considering things like health insurance, your wife was getting more than the $32k/year salary. Is her quitting her job a done deal? Can you quit your job and stay home with your child instead? Can you work part time? Yes her quitting is a done deal. Unfortunately I can't really "quit" as...
by atDev
Wed Jul 16, 2014 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Income change budget adjustments
Replies: 16
Views: 1804

Income change budget adjustments

My wife is quitting her job to stay home with our child which will reduce our income substantially. I am considering ways to reduce our mortgage payment to help keep our budget. We are obviously reviewing other areas (eating out, luxuries, etc) to reduce expenses. Any ideas are welcome and appreciat...
by atDev
Wed Jul 16, 2014 11:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Income change budget adjustments
Replies: 16
Views: 1804

Re: Refinance from 3% to 2.625% no closing costs worth it?

Need to know all of the numbers and conditions to tell how good this offer is. Most of the numbers are in the thread but yes are a bit scattered sorry. 15 Year fixed rate 290k loan value Current rate I get is 3% 2.5% requires $2000 fees 2.625% requires $0 fees The loan amount stays the same meaning...
by atDev
Sat Apr 27, 2013 7:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance from 3% to 2.625% no closing costs worth it?
Replies: 33
Views: 3411

Re: Refinance from 3% to 2.625% no closing costs worth it?

The monthly payment savings is about $50/month. I ran it through a different calculator found online which takes into account the tax savings and the savings difference over the life of the loan comes out to be $7000.
by atDev
Fri Apr 26, 2013 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Refinance from 3% to 2.625% no closing costs worth it?
Replies: 33
Views: 3411

Re: Refinance from 3% to 2.625% no closing costs worth it?

We are doing it through a local bank where we live. I believe they only handle local refinances but I will check for you guys and post back. They don't publicly advertise rates on their website, I always have to email the broker directly to get a quote. (but you have to pay title, appraisal, etc) Th...
by atDev
Fri Apr 26, 2013 11:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Refinance from 3% to 2.625% no closing costs worth it?
Replies: 33
Views: 3411

Re: Refinance from 3% to 2.625% no closing costs worth it?

I am asking here on the forums just in case there isn't something I'm missing or that I should check. Running it through some calculators it saves about $12k in interest over the life of the loan. The fee is included in the rate. If he wanted to pay the fee up front, he could probably get 2.5 or 2.3...
by atDev
Thu Apr 25, 2013 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Refinance from 3% to 2.625% no closing costs worth it?
Replies: 33
Views: 3411

Refinance from 3% to 2.625% no closing costs worth it?

Would refinancing a 15 year mortgage from 3% to 2.625% be worth it is there is absolutely no fees and we made catch up payments to ensure the length of the loan stays on the same track as the original one (i.e. paid off within 15 years). This also assumes they do not roll any type of fee into the ne...
by atDev
Wed Apr 24, 2013 3:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance from 3% to 2.625% no closing costs worth it?
Replies: 33
Views: 3411

Lower my Bond exposure?

I am currently 30 years old and have about 20% of my portfolio in BND (Vanguard Total Bond Market ETF). Does anyone have any thoughts on my current exposure when considering the current low interest rates? I am considering lowering my exposure due to how low rates are (and have been) and the possibi...
by atDev
Sun Feb 10, 2013 2:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lower my Bond exposure?
Replies: 5
Views: 744

Spouse becomes a broker

If your spouse becomes a stock broker at another firm and you have accounts (only in your name) at another online brokerage are you required to transfer your accounts to the brokerage she was hired at?
by atDev
Tue Apr 05, 2011 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spouse becomes a broker
Replies: 25
Views: 3468

also you seem to do what I did: hold every asset class in every account. perhaps theres some simplification you can do Some ETFs are in different accounts but not evenly through every account. This was done for tax purposes. I can only have so much $ in the specific retirement accounts based on the...
by atDev
Wed Mar 23, 2011 2:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Year End Review - and feedback?
Replies: 13
Views: 1452

Also, now that the new VXUS ETF is available what allocation would be suggested with this being my previous... 50% - VTI - Vanguard Total Stock Market ETF 25% - VEU - Vanguard FTSE All World ex-US Index Inv 15% - BND - Vanguard Total Bond Market ETF 5% - TIPS - iShares Barclays TIPS Bond Fund 5% - V...
by atDev
Wed Mar 23, 2011 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Year End Review - and feedback?
Replies: 13
Views: 1452

Going back to this... I was basing my portfolio off of Ferri's core four which does not mention small cap VSS. But it seems this was immediately recommended here?
by atDev
Wed Mar 23, 2011 12:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Year End Review - and feedback?
Replies: 13
Views: 1452

If there is no tax cost to switch from VFWIX/VEU to VGTSX, then by all means do so. Yes I guess you are correct since this is in my taxable accounts. In this case I could just go the VSS route. As for TIPS, I would say that anyone paying a mortgage should not invest in TIPS until after their mortga...
by atDev
Wed Dec 29, 2010 12:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Year End Review - and feedback?
Replies: 13
Views: 1452

This is a personal choice I think. If you want to be able to rebalance between foreign large-cap and foreign small-cap, then I think you will want a separate small-cap foreign fund. I think it is OK to have VEU + VSS or (new_fund) + VSS, but I don't think it is OK to have VEU + (new_fund). Yes sorr...
by atDev
Wed Dec 29, 2010 11:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Year End Review - and feedback?
Replies: 13
Views: 1452

Not sure I would keep the energy funds. I don't buy sectors. To each their own. Good luck Yes I planned on selling these eventually. I agree with Livesoft. I would add the following Vanguard funds/ETF's: FTSE All world ex-US Small Cap (VSS) Small Cap Value (VISVX) I read here on the forums that van...
by atDev
Wed Dec 29, 2010 11:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Year End Review - and feedback?
Replies: 13
Views: 1452

Small cap foreign, where is it? You may wish to define what those ticker symbols mean. Thanks, here are the symbols. VTI - Vanguard Total Stock Market ETF VEU - Vanguard FTSE All World ex-US Index Inv BND - Vanguard Total Bond Market ETF TIP - iShares Barclays TIPS Bond Fund VNQ - Vanguard REIT ETF...
by atDev
Wed Dec 29, 2010 10:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Year End Review - and feedback?
Replies: 13
Views: 1452

Year End Review - and feedback?

Hi, I am just reviewing my current allocation and am wondering if there is any feedback as far as how my accounts look as far as allocation and also if I am missing any tax advantages as far as the investments go between the accounts? When cash is not considered I am basically sticking to this alloc...
by atDev
Tue Dec 28, 2010 10:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Year End Review - and feedback?
Replies: 13
Views: 1452

Hello, It is a SIMPLE IRA just for clarification. Sales load is right around 5.75%. As far as what to invest in if you do want to invest with AF I am not really seeing the option to invest in anything but AF in this account? I have the option of choosing A, B, C F-1, F-2 shares but it looks like it ...
by atDev
Tue May 25, 2010 8:48 am
 
Forum: Investing - Help with Personal Investments
Topic: American Funds Simple IRA - avoiding fees
Replies: 14
Views: 3743

American Funds Simple IRA - avoiding fees

My wife recently setup an employer sponsored 401k. They match up to 3% of income. Right now her account is set to invest in: Capital World Bond Fund – A - CWBFX EuroPacific Growth Fund – A - AEPGX Washington Mutual Investors Fund – A - AWSHX I notice for every transaction (every pay period) each pur...
by atDev
Mon May 24, 2010 9:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: American Funds Simple IRA - avoiding fees
Replies: 14
Views: 3743

When was the last time your boss asked you to work for less money?


It happens all the time? Why do you think the unemployment rate is so high? Because the companies can't afford to pay them.

Last time I checked, salaries were negotiable.

Thanks for the useful answer though. :shock:
by atDev
Fri Apr 23, 2010 8:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Negotiating Realtor Commissions
Replies: 27
Views: 3227

Negotiating Realtor Commissions

I apologize if this is the wrong place to ask, or even not an appropriate question for this forum but since it deals with making money out of my investment (my home) maybe it will be fine? What is the latest on negotiating Realtor fees down from 6%? To me whether its a 100k 200k or 300k house the Re...
by atDev
Fri Apr 23, 2010 6:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Negotiating Realtor Commissions
Replies: 27
Views: 3227

So basically if you are over the deduct-ability income limits a work-a-round is contributing to a traditional IRA anyway, and then converting it to a roth IRA? Basically a loop hole to contribute to a roth IRA if over the income limit? Kinda a pain :) These are the only accounts we have right now: -...
by atDev
Fri Apr 16, 2010 9:28 am
 
Forum: Investing - Help with Personal Investments
Topic: IRA basic question, limits
Replies: 7
Views: 1117

How is is that you contribute to both an individual 401k and a roth individual 401k? Or are you just saying that the sum of contributions to the two different plan types is $16,500? The S corp contributes as it is a profit sharing plan. I myself contributed 16,500 to roth and the S corp contributes...
by atDev
Fri Apr 16, 2010 9:21 am
 
Forum: Investing - Help with Personal Investments
Topic: IRA basic question, limits
Replies: 7
Views: 1117

IRA basic question, limits

I contribute the max to a individual 401k and individual roth 401k. Married filing jointly. We are currently over the income limit to invest in a traditional/roth IRA. My wife has a 401k at her full time job. Is her limit 16,500 or does it also depend on what I contribute to mine? Is there any benef...
by atDev
Fri Apr 16, 2010 6:30 am
 
Forum: Investing - Help with Personal Investments
Topic: IRA basic question, limits
Replies: 7
Views: 1117

Ok thanks.

I ended up finding that etrade lets you create customized portfolios and then use most of their tools to analyze it as needed. I wasn't aware of this until I started digging.
by atDev
Thu Apr 15, 2010 12:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Tools
Replies: 3
Views: 765

Portfolio Tools

I basically have several accounts so I need a way to plug everything in to get an overall AA view without having to calculate it myself every time. I have search the forums and basically came up with these two options... - MarketRiders - Morningstar Portfolio Manager (free through TD) Are there any ...
by atDev
Thu Apr 15, 2010 9:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Tools
Replies: 3
Views: 765

Hello,

Yes, savings is sufficient.

I basically meant pay this off or invest it in stocks? 401k/emergency fund/etc is all good to go.
by atDev
Tue Apr 13, 2010 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay off Student Loan or Invest?
Replies: 14
Views: 2014

Hi,

- The only other debt I have is about 9k in student loans at 4.5%.

- They state 80% of the LTV requirement on the website for my loan. Of course a new appraisal may shift the payment needed.
by atDev
Tue Apr 13, 2010 10:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay Down Mortage to Remove PMI
Replies: 24
Views: 5266

Pay off Student Loan or Invest?

Hi,

1. I can not deduct student loan on my tax return due to income limits.
2. Monthly payment: $138.33
3. Loan values below...

Subsidized Consolidation Loan - 4.5% - $6,487.06
Unsub Consolidation Loan - 4.5% - $7,710.41

Should I pay these off or use the money elsewhere?

Thanks!
by atDev
Tue Apr 13, 2010 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay off Student Loan or Invest?
Replies: 14
Views: 2014

Ok thanks..

Would Vanguard REIT ETF (VNQ) be better in traditional or roth IRA?
by atDev
Mon Apr 12, 2010 10:20 am
 
Forum: Investing - Help with Personal Investments
Topic: VEU or VTI in taxable?
Replies: 5
Views: 1213

VEU or VTI in taxable?

Which should I allocate to in my taxable account first?
* Vanguard Total Stock Market ETF (VTI)
* Vanguard FTSE All-World Ex-U.S. ETF (VEU)
by atDev
Mon Apr 12, 2010 9:56 am
 
Forum: Investing - Help with Personal Investments
Topic: VEU or VTI in taxable?
Replies: 5
Views: 1213

It looks like it would be about 25k to remove PMI. We have 130k in retirement savings. 70k personal savings. 130k business savings (single member S corp). We generally max out IRA's each year. I think we could fairly easily pay this from savings? I just wanted to be sure it was not worth it to inves...
by atDev
Sun Apr 11, 2010 9:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay Down Mortage to Remove PMI
Replies: 24
Views: 5266

- the buyer(s) can't be patient to save before buying We did not want to put down a large down payment due to wanting to keep some savings, so yes, we probably could have waited to save a bit more. Either way, the question concerns what to do now that we have PMI, not what we should have done :) - ...
by atDev
Sun Apr 11, 2010 9:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay Down Mortage to Remove PMI
Replies: 24
Views: 5266

Pay Down Mortage to Remove PMI

I have the following loan:
Balance: 292,674.40
Rate: 4.5%
LTV: 87.1% (might be higher due to home devaluation)
Monthly Payment: $2,026.46 ($181.44 is PMI)
Refinanced on 03/09/09 for $302,400.00 loan.

Pay down to get 80% LTV and remove PMI or invest that $?
by atDev
Sat Apr 10, 2010 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay Down Mortage to Remove PMI
Replies: 24
Views: 5266

You may wish to revisit the traditional 401(k) versus the Roth 401(k) threads. You have basically chosen to pay high taxes now and no tax in the future. Ok I'll check them out and do a search. If you have any links to specific ones let me know. I guess I'll erase my assumption that the Roth should ...
by atDev
Sat Apr 10, 2010 3:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best way to split portfolio between tax/non-taxable accounts
Replies: 17
Views: 3209

How does this work? The limits for 401k contributions are for both types so how do you max out a Roth 401k and still contribute to a regular one? I believe OP is using an Individual 401k that has a Roth account option. I own and file as a single owner of an S Corp. The corporation provides an Indiv...
by atDev
Sat Apr 10, 2010 1:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best way to split portfolio between tax/non-taxable accounts
Replies: 17
Views: 3209

Hello, Sorry for the confusion. I generally max out my Roth 401k contribution every year. I can no longer contribute to the normal Roth IRA due to income limits. I also contribute to the Individual 401k (about 10k in 2009). Then in the regular taxable account I have a large sum but most of it is in ...
by atDev
Sat Apr 10, 2010 8:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Best way to split portfolio between tax/non-taxable accounts
Replies: 17
Views: 3209

Best way to split portfolio between tax/non-taxable accounts

I plan on doing this allocation: * 50% Vanguard Total Stock Market ETF (VTI) * 10% Vanguard Emerging Markets ETF (VWO) * 10% Vanguard European Stock (VGK) * 10% Vanguard Pacific Stock (VPL) * 5% Vanguard REIT ETF (VNQ) * 5% iShares Barclays TIPS Bond (TIP) * 10% Vanguard Total Bond Market ETF (BND) ...
by atDev
Fri Apr 09, 2010 6:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best way to split portfolio between tax/non-taxable accounts
Replies: 17
Views: 3209

keeping track of cost basis if you sell 10 years later would be nightmareish


I believe Etrade does this for you, but may be mistaken.
by atDev
Fri Apr 09, 2010 5:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Automatic investing, but transaction fee?
Replies: 20
Views: 2442

About...

100k-200k size which the Vanguard fee won't apply.
by atDev
Fri Apr 09, 2010 4:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Automatic investing, but transaction fee?
Replies: 20
Views: 2442

Looks like they charge $20/year if under 100k in funds for the individual 401k's.
by atDev
Fri Apr 09, 2010 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Automatic investing, but transaction fee?
Replies: 20
Views: 2442

I am not seeing where Vanguard offers the Individual 401k/Roth 401k

EDIT: nevermind found it
by atDev
Fri Apr 09, 2010 2:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Automatic investing, but transaction fee?
Replies: 20
Views: 2442

You'll make the fee back pretty fast in the ER if you invest a significant amount at once. If you really want to stay with Etrade, just invest once per year. An extra 0.2% isn't the end of the world. Yeah but I was looking to dollar cost average a bit better by investing more frequently. I guess th...
by atDev
Fri Apr 09, 2010 2:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Automatic investing, but transaction fee?
Replies: 20
Views: 2442
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